Anchorage Economic Development Corp
Public records raise at least one point you should look into before giving.
What it says it does
THE MISSION OF AEDC IS TO GROW A PROSPEROUS, SUSTAINABLE AND DIVERSE ECONOMY. AEDC HAS BEEN IN OPERATION SINCE 1987 AS A PRIVATE NONPROFIT CORPORATION (IRS CODE 501(C)(6). IT EXISTS TO ENCOURAGE ECONOMIC GROWTH AND DIVERSITY IN ANCHORAGE, TO PROMOTE A FAVORABLE BUSINESS CLIMATE, AND TO RAISE ANCHORAGE RESIDENTS' STANDARD OF LIVING.
- Income
- $325,386
- Spending
- $963,516
- Employees
- 8
- Volunteers
- 20
- Highest pay
- $176,239, president/ceo
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. How we rate
Financial health
We do not score finances when yearly spending is very small or the return has too little detail. The ratios stop meaning much at that size.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. How we rate
Governance
This return does not answer enough of the governance questions to score.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (3)
- 2024 EFFORTS WERE FOCUSED ON IMPLEMENTING THE "CHOOSE ANCHORAGE" PLAN FOCUSING ON PROJECT ANCHORAGE AN EFFORT ESTABLISHED BY OUR BOARD MEMBERS AND MEMBERS OF A BUSINESS COALITION TO INTRODUCE A 3% SALES TAX TO THE ANCHORAGE MUNICIPALITY TO SPUR ECONOMIC DEVELOPMENT AND REDUCE RESIDENTS' PROPERTY TAXES. AEDC COMPLETED WORK ON THE "CHOOSE ANCHORAGE" PLAN IN 2022. CHOOSE ANCHORAGE IS A COMPREHENSIVE RESEARCH REPORT THAT WAS FUNDED BY A UNITED STATES ECONOMIC DEVELOPMENT ADMINISTRATION GRANT. RESEARCH CENTERED AROUND A WORKFORCE AND INDUSTRY CLUSTER ANALYSIS THAT RESULTED IN A COMPREHENSIVE RESEARCH PLAN AND ASSOCIATED ACTION PLAN FOCUSED ON INCREASING ANCHORAGE'S WORKING AGE ADULT POPULATION AND THE OVERALL ECONOMY. RESEARCH WAS CONDUCTED FOR THE MAJORITY OF THE YEAR THROUGH ROUNDTABLE DISCUSSIONS, KEY STAKEHOLDER INTERVIEWS AND ANALYTICAL ANALYSIS AND FINALLY COMPLETED IN NOVEMBER.
- THE 2024 ECONOMIC FORECAST LUNCHEON IN JANUARY FORECASTS THE ANCHORAGE ECONOMY BASED ON EMPLOYMENT, POPULATION, AND DEMOGRAPHIC DATA; PROVIDED A SNAPSHOT LOOK AT THE LABOR FORCE; AND OFFERED AN UPDATE ON CONSUMER AND BUSINESS CONFIDENCE. EVENT WAS HELD AT THE DENA'INA CENTER IN ANCHORAGE. KEYNOTE PRESENTATION: PATIENCE FARIBROTHER
- THE 3-YEAR OUTLOOK LUNCHEON DISCUSSES THE PROJECTED TRAJECTORY OF THE LOCAL ECONOMY BASED ON A REVIEW OF HISTORICAL AND CURRENT DATA, INTERVIEWS WITH REPRESENTATIVES OF BUSINESSES AND ORGANIZATIONS, AND ANALYSIS OF CURRENT EVENTS. THE OUTLOOK CONSIDERS TRENDS IN EIGHT KEY INDICATORS INCLUDING POPULATION, EMPLOYMENT, PERSONAL INCOME, AIR PASSENGER AND FREIGHT VOLUMES, BUILDING PERMITS, PORT OF ALASKA TONNAGE, VISITOR INDUSTRY ACTIVITY AND OIL PRICES. EVENT WAS HELD AT THE DENA'INA CENTER IN ANCHORAGE. KEYNOTE PRESENTATION: ANDREW BUSCH
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(6) business league.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.
Are donations tax-deductible? Caution.
The IRS master file records contributions to this 501(c)(6) business league as not deductible.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending December 2024.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since October 1989.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.